Even the NYT has gotten in on the recent publicity regarding the Bureaus. The next step is to get one these publications to say that the consumer really does need credit repair companies. We are working on that now. Here’s the article: Victimized by Credit Reports The companies that compile and sell credit reports on 200 [...]
On February 10, 2013, Sixty Minutes did to the credit bureaus what no other authoriatative news reporting agency could have done. If you haven’t seen the report, you’ve just got to see it: http://www.cbsnews.com/video/watch/?id=50140648n Of course the Bureaus nor the CDIA would provide a spokesman but they did issue this statement: In case you missed [...]
Justice Department Files Lawsuit Against Three Related Companies for Violating Fair Credit Reporting Act. Created on Thursday, 11 October 2012 20:31 Written by IVN San Diego, California – The United States has filed a complaint against three related companies that bought and sold consumer credit reports, the Justice Department announced today. The government’s complaint charges [...]
Published: Aug. 20, 2012 at 1:28 PM | UPI.com WASHINGTON, Aug. 20 (UPI) — The U.S. Federal Trade Commission said complaints about aggressive debt collectors had jumped 73 percent since 2008, a symptom of a sluggish economy. “We’ve seen a high level of complaints, and I think some of it is collectors realizing in hard [...]
Previously discussed: COMPLIANCE CONVERSATION REFUNDS EXPECTATIONS AUTOMATIC DISQUALIFICATIONS This week: CONSUMERS DO NOT WANT CREDIT REPAIR This is the right time to understand that very few consumers want credit repair. Most credit repair customers want to purchase something and because of their past credit history they are not able to qualify. Thus, if you provide [...]
Previously discussed: COMPLIANCE CONVERSATION REFUNDS EXPECTATIONS This week: AUTOMATIC DISQUALIFICATOINS A consumer with the following elements on their credit report should not be accepted under any condition: Late payments in the last 90 days New Collections in the last 90 days Large past due amounts on open accounts You will find that these consumers are [...]
Previously discussed: COMPLIANCE CONVERSATION REFUNDS This week: EXPECTATIONS Problem customers come in many forms but the primary indicator of a customer that is not ready for your professional services is one you cannot get to accept the limitations of your service. If they think that you can remove any and all negative information from their [...]
By Sara Bovat of National Mortgage News. CoreLogic and FICO this week released the FICO Mortgage Score Powered by CoreLogic. This new offering evaluates the traditional credit data from the national credit data repositories and the supplemental consumer credit data in the CoreLogic CoreScore. This is aimed at increasing the number of mortgage loans that [...]
By JON HILSENRATH Wall Street Journal | Updated June 19, 2012, 9:50 a.m. ET The U.S. recovery is hobbled by an economic divide that separates Americans not by income or wealth but by their access to credit. The housing bust left behind millions of people with credit records damaged by plunging home prices, lost jobs, past [...]
Previously discussed: COMPLIANCE CONVERSATION This week: REFUNDS You should make it a policy to refund any unhappy customers funds immediately upon request even after the right of recession period has expired or even after you have completed the service-even service that you performed over and above the customer’s expectations. Why? As I have stated, you [...]